https://www.taxtmi.com/article/detailed?id=14796 When excess GST is ascertainable only upon a conciliation settlement legally equivalent to an arbitral award or decree, the "relevant date" for computing refund limitation falls under Explanation 2(d) to Section 54 of the CGST Act. In that situation the two year limitation period runs from the conciliation settlement date, and the residual Explanation 2(h) applies only where no other explanation is attracted. If the exact refundable quantum is crystallised by such settlement, earlier payment dates or alternative credit-note mechanics do not define the relevant date for limitation. en-us Mon, 14 Jul 2025 08:36:52 +0530 Mon, 14 Jul 2025 08:36:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=14796 When excess GST is ascertainable only upon a conciliation settlement legally equivalent to an arbitral award or decree, the "relevant date" for computing refund limitation falls under Explanation 2(d) to Section 54 of the CGST Act. In that situation the two year limitation period runs from the conciliation settlement date, and the residual Explanation 2(h) applies only where no other explanation is attracted. If the exact refundable quantum is crystallised by such settlement, earlier payment dates or alternative credit-note mechanics do not define the relevant date for limitation. Articles Goods and Services Tax - GST Mon, 14 Jul 2025 08:36:52 +0530 https://www.taxtmi.com/article/detailed?id=14796